Stock 2237 RAC ELECTRIC VEHICLES INC.
Add to a list
To use this feature you must be a member
Log inSign up

Financials RAC Electric Vehicles Inc.

Equities

2237

TW0002237005

Heavy Machinery & Vehicles

End-of-day quote Taipei Exchange
Other stock markets
 06:00:00 2024-04-25 pm EDT 		5-day change 1st Jan Change
27.75 TWD +2.02% Intraday chart for RAC Electric Vehicles Inc. +2.40% -10.77%
Apr. 09 RAC Electric Vehicles Inc. Reports Earnings Results for the Full Year Ended December 31, 2023 CI
2023 RAC Electric Vehicles Inc. Reports Earnings Results for the Half Year Ended June 30, 2023 CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,141 1,190 2,221 3,573 3,548 3,134
Enterprise Value (EV) 1 1,300 1,349 2,206 3,699 4,179 4,606
P/E ratio -9.23 x -8.65 x -12.9 x -23.1 x -19.1 x -20.2 x
Yield - - - - - -
Capitalization / Revenue 6.72 x 7.44 x 6.51 x 11.1 x 3.9 x 1.65 x
EV / Revenue 7.65 x 8.44 x 6.46 x 11.5 x 4.59 x 2.42 x
EV / EBITDA -9.75 x -10.6 x -13.8 x -23.5 x -27.8 x -37.9 x
EV / FCF -4.56 x -11.3 x -30.1 x -11.9 x -16.6 x -6.2 x
FCF Yield -21.9% -8.87% -3.32% -8.44% -6.02% -16.1%
Price to Book 4.35 x 3.62 x 4.65 x 4.06 x 5.15 x 5.92 x
Nbr of stocks (in thousands) 60,000 70,000 84,923 100,923 100,803 100,778
Reference price 2 19.02 17.00 26.15 35.40 35.20 31.10
Announcement Date 4/29/19 4/10/20 4/1/21 4/8/22 4/27/23 4/9/24
1TWD in Million2TWD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 169.8 159.8 341.3 320.9 909.5 1,901
EBITDA 1 -133.3 -127 -159.4 -157.3 -150.2 -121.7
EBIT 1 -137.1 -132.9 -166.8 -167.8 -174 -155.6
Operating Margin -80.77% -83.17% -48.86% -52.29% -19.13% -8.19%
Earnings before Tax (EBT) 1 -119.4 -134 -154 -138 -198 -167.6
Net income 1 -119.4 -134 -154 -138 -184.5 -154.2
Net margin -70.33% -83.83% -45.11% -43.01% -20.29% -8.11%
EPS 2 -2.062 -1.966 -2.025 -1.534 -1.847 -1.543
Free Cash Flow 1 -285.2 -119.7 -73.3 -312.1 -251.7 -742.4
FCF margin -168.02% -74.86% -21.47% -97.26% -27.68% -39.06%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 4/29/19 4/10/20 4/1/21 4/8/22 4/27/23 4/9/24
1TWD in Million2TWD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 158 159 - 127 631 1,472
Net Cash position 1 - - 14.5 - - -
Leverage (Debt/EBITDA) -1.187 x -1.25 x - -0.8053 x -4.201 x -12.1 x
Free Cash Flow 1 -285 -120 -73.3 -312 -252 -742
ROE (net income / shareholders' equity) -49.3% -45.4% -38.2% -20.3% -25% -26.9%
ROA (Net income/ Total Assets) -18.7% -14.5% -14.8% -8.65% -5.85% -4.21%
Assets 1 637.5 926.8 1,039 1,596 3,156 3,662
Book Value Per Share 2 4.370 4.690 5.620 8.730 6.840 5.250
Cash Flow per Share 2 0.2400 0.6900 1.620 3.740 1.360 1.270
Capex 1 8.83 15.3 7.79 132 109 48.9
Capex / Sales 5.2% 9.6% 2.28% 41.25% 12.02% 2.57%
Announcement Date 4/29/19 4/10/20 4/1/21 4/8/22 4/27/23 4/9/24
1TWD in Million2TWD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Heavy Buses & Coaches

1st Jan change Capi.
RAC ELECTRIC VEHICLES INC. Stock RAC Electric Vehicles Inc.
-10.77% 103M
TRATON SE Stock Traton SE
+53.38% 17.45B
MARCOPOLO S.A. Stock Marcopolo S.A.
+18.47% 1.41B
ANHUI ANKAI AUTOMOBILE CO., LTD Stock Anhui Ankai Automobile Co., Ltd
-15.19% 572M
NEX POINT Stock Nex Point
-9.00% 491M
EBUSCO HOLDING N.V. Stock Ebusco Holding N.V.
-41.78% 191M
PAVLOVO BUS Stock Pavlovo Bus
-.--% 87.85M
Heavy Buses & Coaches
  1. Stock Market
  2. Equities
  3. 2237 Stock
  4. Financials RAC Electric Vehicles Inc.